# Mark Pimentel > Mark Pimentel is a Co-Founder of Kronos Research & WOO Network, specializing in connecting traders, exchanges, and DeFi platforms via deep liquidity and trading... - Canonical URL: https://iq.wiki/wiki/mark-pimentel - Categories: People in crypto - Tags: Founder - Created: 2023-07-06T17:52:48.825Z - Last updated: 2023-07-07T15:26:49.618Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Mark Pimentel** is the Co-Founder of Kronos Research & [WOO Network](https://iq.wiki/wiki/woo-network), a deep liquidity network connecting traders, exchanges, institutions, and [DeFi](https://iq.wiki/wiki/defi) platforms with access to liquidity and trading execution. [\[1\]](#cite-id-ybd57gvdyjl)[\[2\]](#cite-id-astt20g4ya) # Education Mark Pimentel attended Hunter College High School in New York City from 1996 to 2002. He completed a Bachelor's degree with two majors - Electrical & Computer Engineering and Business Administration and a Master's degree in Electrical & Computer Engineering in 3.5 years by taking on double the normal course load (2002-2006). [\[2\]](#cite-id-astt20g4ya) # Career Mark Pimental began his career in June 2006 as a Quantitative Researcher at Citadel. In June 2008, he became the Vice President of Knight Capital Group. From October 2011, he was a Director at Eladian Partners until October 2012. [\[2\]](#cite-id-astt20g4ya) He joined the Quantitative Research team for Radix Trading LLC in 2013 where he was involved in all areas of trading, research & development (C++). In November 2017, he was the Head of Trading at EverMarkets, a company that built a decentralized platform for trading stock, bond, and commodity futures on the [blockchain](https://iq.wiki/wiki/blockchain). [\[2\]](#cite-id-astt20g4ya) ## Kronos Research Mark Pimentel and [Jack Tan](https://iq.wiki/wiki/jack-tan) co-founded Kronos Research in June 2018, a quantitative trading organization focused on market creation, high-frequency trading (HFT), and arbitrage. With a daily trading volume of about US$5 billion across global markets, Kronos Research is a recognized trading organization worldwide. [\[4\]](#cite-id-kqp85r9tkfp) Additionally, Kronos Research serves as the sole market maker on the [WOO X](https://iq.wiki/wiki/woo-network) trading platform. It is also an authorized market maker for exchanges such as [Binance](https://iq.wiki/wiki/binance), [Huobi](https://iq.wiki/wiki/huobi), and [OKX](https://iq.wiki/wiki/okx), and plays a significant role as a market maker for the decentralized exchange [dYdX](https://iq.wiki/wiki/dydx). [\[3\]](#cite-id-pi44lydai6) Mark Pimentel is primarily focused on developing HFT trading algorithms and providing guidance on the advancement of trading technology at Kronos Research. [\[4\]](#cite-id-kqp85r9tkfp) ## WOO Network In September 2019, Kronos Research organization (owned by Mark Pimentel and [Jack Tan](https://iq.wiki/wiki/jack-tan)) incubated WOO Network. WOO Network is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) liquidity network that bridges traders, exchanges, institutions, and [DeFi](https://iq.wiki/wiki/defi) platforms. [\[1\]](#cite-id-ybd57gvdyjl)[\[2\]](#cite-id-astt20g4ya) The WOO Network splits most of its services between WOO X, a centralized exchange (CEX), and WOOFi, a [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange) (DEX) and [staking](https://iq.wiki/wiki/staking) platform. WOO Network offers WOO Trade for institutional clients, allowing partner exchanges to integrate WOO Network's liquidity into their services via API. When asked in an interview[\[5\]](#cite-id-t142n7xfqk) about the idea behind building a liquidity network, Mark responded: > "My partner and I [Jack](https://iq.wiki/wiki/jack-tan) decided let's build Kronos Research, let's be one of the top traders in the space, connect to as many exchanges as possible, build a really strong trading team just so we could understand the cryptocurrency dynamic and landscape really well" > > "Once we did that we started getting approached to create a system where these exchanges could come and trade with us." > > "And so the idea of WOO Trade was born and the idea was that we would essentially create a platform such that initially we could have we could supply liquidity to many exchanges in a model that they could connect with our excess liquidity initially and later on with liquidity that we would supply to them" - Mark Pimentel [\[5\]](#cite-id-t142n7xfqk)